Mosler MT900
God Speed to anyone who has COSERVATIVE/LIBERTARIAN values!
Thats a twist!
LOL
Spies.
Let them divide the vote. Virgin Islands? He must be competing with Chris Dodd on hiding assets.
I’ve heard of this guy. His company builds a mid-engined car powered by a Chevy LS7. Awesome car.
I think he should leave the ‘Rats if he considers himself a conservative, though.
No such animal.
“tea party Democrat” is an oxy moron
Pardon my skepticism.
FRAUD ALERT!
No.
NO MORE LIEING DEMOCRATES!
Bean Bagger—do not beleive this person is a conservative if
he was he would not be a democrat IMO and I wonder who he voted for in the last election
Mosler MT900
There are no Democrats, there are only Socialist Democrats ... they proved that with a majority last Sunday. Socialists and Tea Parties don’t mix well. I think he would run into a problem pretty quickly at “our” Tea Party. (Tar and Feathers?)
I don't think so. Not after ObamaCare.
Vote No.
Vote The Democrats Out.
Period.
From his comments on the recent Democratic Connecticut primary debate for the U.S. Senate:
I have long been proposing a full ‘payroll tax holiday’ where a couple earning a combined $100,000 per year would see their take home pay rise by over $650 per month. That would be enough to fix the economy as people could then make their mortgage payments and car payments, and even do a little shopping . . .Wouldn't a debate between this guy and Peter Schiff be terrific? Let the other GOP candidate, Linda McMahon, be the ref...The reason the Democrats don’t propose this kind of tax cut is because they can’t answer the question of ‘how are you to replace the lost revenues.’
And, in fact the Obama administration has currently put Medicare and social security cuts on the table to ‘pay for’ what they’ve already spent.
What both Democratic candidates are displaying is a failure to understand the difference between the function of Federal taxation and State and local government taxation.
I grew up on the money desk at Banker’s Trust on Wall St. in the 1970’s, ran my own investment funds and securities dealer for 15 years, currently own a small Florida bank, and visit the Fed (Federal Reserve Bank) regularly to discuss monetary policy and monetary operations. I know how the payment system works, as does the Fed’s operations staff.
What we all know is that when Federal taxes are paid, all the Fed does is change the numbers down in our bank accounts.
For example, if you have $5,000 in your bank account, and you pay a Federal tax of $1,000, all the Fed does is change the 5 on your bank statement to a 4, so you then have only $4,000 in your account. With online banking you can watch exactly that happen on your computer screen. The Fed doesn’t ‘get’ anything. It just changes the numbers in your account.
And when the Federal government spends, it just changes numbers up in our bank accounts. It doesn’t ‘use up’ anything. In fact, the Federal government (unlike State and local governments and the rest of us who do need money in our accounts to be able to spend) never has nor doesn’t have dollars.
Think if it as the score keeper for the dollar. When a touchdown is scored and 6 points go up on the scoreboard, does anyone ask where he stadium got those 6 points? Can the stadium run out of points to post on the score board? Of course not!
. . . Federal taxes are like the thermostat. If the economy is too hot (something I have never seen in my 37 years in the financial markets), they can be raised to cool it down. And when the economy goes ice cold, like it is now, my full payroll tax holiday is in order. The Federal government’s job is to keep the economy just right by keeping taxes low enough so people working for a living can afford to buy the goods and services they are capable of producing.
That’s what fiscal responsibility is all about. But until our politicians understand the difference between State finances and Federal finances, the will continue to fail to make sure our take home pay is high enough to sustain the high levels of output and employment that are the hallmarks of American prosperity.
Let me conclude with a word about China. It was stated in the Democratic debates and not disputed that the US was borrowing $4 billion from China to pay for the war in Afghanistan. However, close examination of monetary operations shows this is not at all as it seems. China has what amounts to a checking account at the Federal Reserve Bank. China gets its dollars by selling goods and services to the US, and those dollars are paid into that checking account at the Fed. And US Treasury securities are nothing more than fancy names for savings accounts at the Fed.
So when China buys US Treasury securities, all the Fed does is shift China’s dollars from its checking account at the Fed to a savings account at the Fed.
And when those Treasury securities become due and payable, all the Fed does is shift the dollars in the savings accounts (plus interest) back to China’s checking account at the Fed. That’s it. Debt paid . . . full text